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OT: Saudi Prince buys $300 Mill stake in Twitter

Posted by Dante on 2011-December-20 00:38:57 EST, Tuesday

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"RIYADH, Saudi Arabia—Saudi Arabia's Prince Alwaleed bin Talal announced the purchase of a $300 million investment in Twitter, expanding his media empire into social-media sites and giving the billionaire a stake in an online forum that was widely used by activists in this year's Arab uprisings."

Its a win/win.

Either the House of Saud emerges from the Arab Spring unscathed, or he profits from the social networking used to topple it.

Dante


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